APL Sweets OÜ signs franchise deal to bring Krispy Kreme to the Baltics

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2▲1 ▼0Impact / 5
Summary · why it matters

APL Sweets OÜ, a subsidiary of Apollo Group OÜ, has entered into a five-year Development and Franchise Agreement with Krispy Kreme Doughnut Corporation to open up to 25 Krispy Kreme outlets across the Baltic States between 2026 and 2030. The agreement grants APL Sweets the right to develop shops of three varying sizes and includes an option, exercisable until 31 December 2027, to expand the franchise into Finland. The first shop is planned to open in Tallinn by the end of this year. The move aligns with Apollo Group’s long-term growth strategy and adds a new sweet-focused brand to its food service portfolio, which already includes Lido, Vapiano, KFC, MySushi, Blender, Delano, and CAN CAN Pizza.

Impact on assets 1

Consumer Discretionary▲ · 1 stocks
Krispy Kreme Inc
DNUT
▲ PositiveDemandrelevance

Franchise agreement to open up to 25 outlets in Baltics and option for Finland expands Krispy Kreme's international presence and future revenue.

Off-coverage companies 2

APL Sweets OÜPrivate▲ Positive
Demandrelevance

APL Sweets OÜ secures franchise rights to develop Krispy Kreme outlets, directly expanding its business operations.

Apollo Group OÜPrivate▲ Positive
Demandrelevance

Apollo Group's subsidiary enters franchise deal, adding a new brand to its food service portfolio and supporting growth strategy.

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